Pension Plans
May 23rd 2011, 4:07 pm
#16
RETIRED ;-))
Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: Pension Plans
Be very careful with any of these fancy UK tax efficient schemes such as SIPPs and ISAs.
The may have tax free benefits in the UK but if you are tax resident in Spain the rules may be completely different. ISAs are taxable in Spain and even the lump sum payment from a UK pension plan is taxable.
Even a UK premium bond win is taxable in Spain!
The may have tax free benefits in the UK but if you are tax resident in Spain the rules may be completely different. ISAs are taxable in Spain and even the lump sum payment from a UK pension plan is taxable.
Even a UK premium bond win is taxable in Spain!
May 23rd 2011, 4:14 pm
#18
Lost in BE Cyberspace
Joined: Jun 2005
Location: Puente Esuri
Posts: 6,903
Re: Pension Plans
May 23rd 2011, 4:15 pm
#19
RETIRED ;-))
Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
